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composition me purchases

17 August 2017

me gst composition me rjistrd hu ...meri frm ydi unrjistrd se purchases kr ti h ..to meri frm ka tex calculated kese hoga
purchases 4/7/17 ki 4500/ ki h btaye meri qwatrli return me kitna tex jma krana pdega

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5 Replies

keshav (student) (11 Points)
Replied 17 August 2017

if you have purchase of more than 5000 in a day ..then you will have to pay tax on reverse charge basis. since you have purchased goods worth rs 4500. no need to pay tax under reverse charge

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CA. Animesh Kumar Jain (ACA DISA (ICAI) B.Com) (226 Points)
Replied 17 August 2017

Sir,

If Your Aggregate Purchase from Unregistered Dealer is crossing Limit of 5000/- Rs. Per Day then only you have to Pay Under RCM,

keshav (student) (11 Points)
Replied 17 August 2017

@ CA Animesh Kumar Jain
why would he pay tax @ 1% on purchase .?

CA. Animesh Kumar Jain (ACA DISA (ICAI) B.Com) (226 Points)
Replied 17 August 2017

Thanks For Noticing,

It Was Wrongly Written...!!

I Modified it :)

sweety Sharma (328 Points)
Replied 17 August 2017

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